aed sinopec joint venture...60pct sinopec, page-5

  1. 656 Posts.
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    60% SINOPEC - Sinopec and 40% AED
    like to see further details as the chinese don't usually overpay for anything.

    It states it values the company approx 1 billion meaning for a 60% stake this is a healthy $600million cash injected into the company.

    This is nothing but good news.
 
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